Apollo agrees £5.7 billion takeover of easyJet as Castlelake walks away
Chronological coverage
FIRST SEEN6 Aug, 13:50Apollo agrees £5.7 billion takeover of easyJet as Castlelake walks away
Apollo Global Management has agreed a recommended cash acquisition of easyJet valuing the low-cost carrier at approximately £5.7…
AeroTime•Clement Charpentreau
FOLLOW-UP6 Aug, 16:28Apollo Wins EasyJet Takeover Battle
Apollo outbid Castlelake and outstructured it. Its winning approach could become the blueprint for how overseas private equity acquires European airlines under strict local ownership rules.
Skift Airlines•Gordon Smith
FOLLOW-UP6 Aug, 17:06EasyJet Agrees to $7.7B Takeover By Apollo
Castlelake, which was also in the running, withdrew its bid on Thursday.
AirlineGeeks•Zach Vasile
FOLLOW-UP6 Aug, 20:47EasyJet Agrees £5.7bn Takeover by Apollo After Rival Bidder Withdraws
easyJet has agreed to a £5.7 billion takeover by US private equity firm Apollo Global Management after rival group Castlelake withdrew from bidding.
AviationSource News•Len Varley
FOLLOW-UP6 Aug, 21:07Apollo secures easyJet takeover after Castlelake exits bid race
Founder Stelios Haji-Ioannou backs £5.7 billion deal and will remain a long-term shareholder
Air Data News•Ricardo Meier- FOLLOW-UP6 Aug, 21:29
Apollo Global Agrees to Acquire easyJet in £5.70 Billion Airline Takeover
Aviation News – Apollo Global has reached a definitive agreement to acquire European budget carrier easyJet in a cash transaction valuing the airline at approximately...
Aviation News EU
FOLLOW-UP7 Aug, 08:38EasyJet agrees £5.7bn take-over by US private equity firm Apollo
EasyJet has formally agreed to a £5.7bn take-over by US private equity firm Apollo Global Management, according to The Guardian. The airline confirmed on Thursday that it had accepted Apollo’s firm offer after rival bidder Castlelake withdrew from the race, ending the prospect of a bidding war. The deal values easyJet at £7.15 a share, […]
AviTrader•Heike Tamm
LATEST7 Aug, 19:00easyJet Bidding War Ends as Apollo Makes Offer for Takeover
The bidding war for easyJet has officially come to an end after US firm Apollo Global put in a £5.7 billion ($7.7 billion) bid for the British airline. This offer topped rival investment firm Castlelake’s £5.2 billion proposal that was previously agreed to ‘in principle’ by easyJet at the beginning of July. Founder of easyJet, […]
Travel Radar•Olivia Jarvis